Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[lewdog]

Originally Posted by banyon

If your view is a relatively sideways market for a while, what do you think of a strategy of selling ITM covered calls on stocks with dividend dates coming up and just rolling those over until the market picks up?

I like that strategy.



Also look up the wheel strategy for sideways markets.

[-King-]

Originally Posted by lewdog

Along the same thought lines here. I’d say 60x your annual gross income because remember at a young age you’ll be living off “income” that’s all taxed as you can’t tap things like a ROTH yet.

On the same note for people retiring early, do what you can to make earned income in the year to max your ROTH. Just $6k or $7k if over 50. This will allow you to draw on something not taxable once you hit the right age. Is a great way to drop tax brackets when you’re older.

He said 65-70x annual expenses. You said 60x annual income. Those are two extremely different numbers...

[BWillie]

Originally Posted by lewdog

Along the same thought lines here. I’d say 60x your annual gross income because remember at a young age you’ll be living off “income” that’s all taxed as you can’t tap things like a ROTH yet.

On the same note for people retiring early, do what you can to make earned income in the year to max your ROTH. Just $6k or $7k if over 50. This will allow you to draw on something not taxable once you hit the right age. Is a great way to drop tax brackets when you’re older.

Can you do that if you aren't traditionally employed? (The ROTH thing)

[lewdog]

Originally Posted by -King-

He said 65-70x annual expenses. You said 60x annual income. Those are two extremely different numbers...

Oh you’re right.

I’d adjust mine to 50x annual income.

Someone making gross $100k/year would likely need 5M (50x income) to retire in their early 40’s and have their money last 40-50 years. You’d still need to be generating money from investments and not trying to live large.

[lewdog]

Originally Posted by BWillie

Can you do that if you aren't traditionally employed? (The ROTH thing)

Yes. Any earned income for the year and as long as you don’t make more than $140k/year.

[scho63]

This market has been in a complete slow moving rotation since Jan/Feb.

Out of growth, high tech and speculative and into stuff like Caterpillar, Phillip Morris, Kraft, Exxon Mobil, Boeing, etc.

The old school boring shit has had a great last 6 months.

[Rain Man]

Originally Posted by lewdog

Yes. Any taxable income for the year and as long as you don’t make more than $140k/year.

Eh, I think it has to be earned income.

[lewdog]

Originally Posted by Rain Man

Eh, I think it has to be earned income.

God dammit you’re right. I’ll update my post. That’s what I get posting at work.

[MTG#10]

Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.

[Hog's Gone Fishin]

Originally Posted by MTG#10

Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.

That's awesome. Congrats!

[ChiliConCarnage]

Originally Posted by Buehler445

Not that I'm disagreeing, but where are you reading that there is a lot of liquidity tied up in checking and savings accounts? My wife doesn't seem to have trouble finding places to dump my cash.

If the velocity of money were to improve that would definitely help.

https://www.businessinsider.com/stim...reserve-2021-4

Look at the Fed personal savings chart. Pretty crazy.

https://fred.stlouisfed.org/series/PSAVERT

[lewdog]

Originally Posted by MTG#10

Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.

Nice man!

I used them earlier this year to refinance and it was super smooth and quick.

[Buehler445]

Originally Posted by Rain Man

Eh, I think it has to be earned income.

It does. But surely he has some earned income, right?

Originally Posted by ChiliConCarnage

https://www.businessinsider.com/stim...reserve-2021-4

Look at the Fed personal savings chart. Pretty crazy.

https://fred.stlouisfed.org/series/PSAVERT

That’s wild. Great stuff. This is literally the first I’ve heard anyone talking about it. Thanks.

The unfortunate thing is that without a government shut down and fear mongering most of that money would have went to business. Probably local business because big business didn’t shut down.

[neech]

Originally Posted by MTG#10

Refinanced my mortgage today through UWM. Not sure why I waited so long but figured I'd help the cause since I own so many shares. Knocked 8 years off my loan and my monthly payment dropped $50. 2.875%, not as good as some I've seen but better than what I was paying.

If you had told them you were a major shareholder in their company they would’ve lit you a cigar, poured you a glass of the finest brandy and treated you like a big shot. You missed your chance.

I’ve told people about refinancing and to take advantage of it some people just will not do it. I never understood that.

[MTG#10]

Originally Posted by neech

If you had told them you were a major shareholder in their company they would’ve lit you a cigar, poured you a glass of the finest brandy and treated you like a big shot. You missed your chance.

I’ve told people about refinancing and to take advantage of it some people just will not do it. I never understood that.

I actually did tell the girl, she just said "Oh that's wonderful thank you so much!" and went back to business.

Guess a measley 1000 shares wouldn't be considered "major" though.